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The Corporate Bankruptcy Decision
dc.contributor.authorWhite, Michelle J.en_US
dc.date.accessioned2013-11-14T23:22:46Z
dc.date.available2013-11-14T23:22:46Z
dc.date.issued1987-07en_US
dc.identifier.otherMichU DeptE CenREST W87-6en_US
dc.identifier.otherG330en_US
dc.identifier.otherK220en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/101056
dc.description.abstractThis paper has two purposes. First, it considers what the features of an economically efficient bankruptcy procedure would be and how such a procedure might differ from actual U.S. bankruptcy law. Second, it examines how the bankruptcy procedure has been modeled in the finance and economics literatures and indicate the problems that sometimes arise from ignoring important features of the process. I consider bankruptcy liquidation and reorganization in separate sections.en_US
dc.description.sponsorshipCenter for Research on Economic and Social Theory, Department of Economics, University of Michiganen_US
dc.relation.ispartofseriesCREST Working Paperen_US
dc.subjectCorporate Bankruptcyen_US
dc.subjectLiquidationen_US
dc.subjectBankruptcy Lawen_US
dc.subject.otherBankruptcyen_US
dc.subject.otherLiquidationen_US
dc.subject.otherCorporation and Securities Lawen_US
dc.subject.otherU.S.en_US
dc.titleThe Corporate Bankruptcy Decisionen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelSocial Sciencesen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/101056/1/ECON491.pdf
dc.owningcollnameEconomics, Department of - Working Papers Series


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